Forbes’ Gold Fix for the U.S. Economy

As a Gold Standard case it's fine - BUT!

Look at the volume of Gold needed. Or reflate Gold prices!


STOP funding Agencies, the Fed Programs and the Cabal by false Racketeering. Cut the Agencies and Military by 50% and build the damned economy. Mass fire the Boys with their Toys! They and the Zionist Roach Bankers are the real Enemy.


Image: Reuters

Fox Business
By Elizabeth Macdonald
6 June 2014

The chairman of one of the country’s top financial magazines and former presidential candidate Steve Forbes’ new warning that the Federal Reserve’s elephant gun of a loose dollar policy could trigger an economic meltdown shouldn’t be ignored.

Just take a look at the warning signs already in the headlines around the globe below.

Forbes advises a return to a “gold standard” as the only way to avoid disaster in his new, must-read book, Money: How the Destruction of the Dollar Threatens the Global Economy -- and What We Can Do About It, co-authored by the always sharp Elizabeth Ames (McGraw Hill, May 2014).

The U.S. central bank’s "vastly misguided monetary policies are now setting the stage for a new economic and social catastrophe -- one that could rival the financial crisis and horrors of the 1930s,” Forbes wrote, adding that U.S. economic success and prosperity will come only if the dollar is fixed to gold and not subject to the Fed’s arbitrary liquidity hydrants.

A gold standard would “lower interest rates,” provide for “cheaper capital” and lead to “gangbuster growth,” Forbes says, adding: “If the American economy had the growth rates it once achieved under a gold standard, it would be three times -- instead of two times -- the size of the Chinese economy today.”

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